What does a Financial Analyst do?
Financial Analyst analyze and are responsible for trends or predictions of financial changes for corporation or businesses. They project revenue and expenses and guide companies in the financial needs and budgets.
They are responsible to keep track of trends and guide client’s in their investments. Some work with individuals and others work for major corporations. Therefore they a constantly assessing bonds, stocks, and other investment options that may affect their client’s finances.
How to Become a Financial Analyst
A financial analyst usually requires a bachelor’s degree that involves courses in economics, accounting, statistics, mathematics, engineering, and finance. To advance in this field, an employer normally requires a master’s degree in finance or business administration (MBA).
Education in risk management, options pricing and bond validation is often necessary. After securing a job the employer has the employee licensed by the Financial Industry Regulatory Authority (FINRA). One can become certified with a bachelor’s degree, 4 years experience, and passing 3 exams from a CFA institute. This would help with advancement and promotion in a company.
Job Description of a Financial Analyst
A Financial Analyst finds profitable investments by analyzing information on stocks, bonds, and other investments for businesses or individuals. A financial analyst evaluates historical and current data and remains current in business and economic trends. He or she evaluates opportunities for investment and prepares written reports, so that, they can meet with their employer to explain any recommendations pertinent to the company or business.
This occupation is divided into separate categories. Sell-side analysts give advice to financial service sales agents and buyer-side analysts develop strategies for investments with companies that are wealthy.
A financial analyst can be found working in security firms, banks, insurance companies, mutual funds, and other places of business. He or she normally works a 40 hour week. The Bureau of Labor Statistics projects a 12 percent growth in 2014-2024 in this career field, faster than average.